Kihei, Hawaii Property Taxes
The median property tax rate in Kihei, HI is 1.17%, considerably higher than both the national median of 0.99% and the Hawaii state median of 0.29%. With the median home value in Kihei, the typical annual property tax bill reaches $1,566, exceeding the national median of $2,690. Property taxes in Kihei are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kihei's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kihei or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kihei, Hawaii Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,566
$1,453
Ownwell’s Kihei Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kihei with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kihei to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kihei, Hawaii
Property taxes in Kihei, Hawaii, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kihei is 1.17%, which is higher than the U.S. national median of 0.99%. Local government entities within Kihei set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kihei estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kihei's effective property tax rate to other areas in Hawaii and the national median. For comparison, the zip code 96753 has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Kihei provides valuable insights into the varying tax landscape across Hawaii, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kihei Tax Rate
1.17%
Average Hawaii County Tax Rate
0.35%
Average Hawaii Tax Rate
0.29%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kihei, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96753 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Kihei, Hawaii
In Kihei, Hawaii, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Kihei, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kihei helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 96753 has both the highest and lowest median tax bill, standing at $1,566.
Average Kihei Assessed Value
$133,850
Average Hawaii County Assessed Value
$412,300
Average Hawaii Assessed Value
$781,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kihei, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96753 | $115,700 | $115,700 | $133,850 | $152,000 | $152,990 |
Source: Ownwell
Property Tax Bills Across Kihei, Hawaii
In Kihei, located in Hawaii County, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Kihei can expect their property tax bill to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. For instance, the median home price in Kihei is $133,850, and the property tax rate in Hawaii County is approximately 1.17%, slightly above the national median of 0.99%. This means homeowners might see tax bills around $1,566, which is the median tax bill for the area. However, tax bills can vary; the 25th percentile tax bill is about $1,354, while the 75th percentile reaches $1,778, and the 90th percentile can go up to $1,790. Understanding these factors can help homeowners in Kihei better anticipate their annual property tax obligations and manage their finances accordingly.
Average Kihei Tax Bill
$1,566
Average Hawaii County Tax Bill
$1,619
Average Hawaii Tax Bill
$2,234
Average United States Tax Bill
$2,690
Property Tax Bills Across Kihei, Hawaii
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 96753 | $1,354 | $1,354 | $1,566 | $1,778 | $1,790 |
Source: Ownwell